Nasdaq leads market higher with Apple, Tesla Post
(MENAFN) On Monday, major US stock indices closed higher, bolstered by strong performances from large-cap Stocks like Apple and Tesla, which propelled the nasdaq Composite to notable gains. The Dow Jones Industrial Average and the S&P 500 also managed slight increases amid light trading ahead of a holiday, as investors remained focused on upcoming US labor market data for insights into future monetary policy decisions.
Preliminary data indicated that the Standard & Poor's 500 index rose by 14.61 points, or 0.26 percent, to close at 5,474.71 points. Similarly, the Nasdaq Composite surged by 144.37 points, or 0.83 percent, to end at 17,876.26 points, driven by robust performances in technology and other growth sectors. The Dow Jones Industrial Average gained 46.25 points, or 0.12 percent, finishing the day at 39,165.11 points.
The market's focus remains on economic indicators, particularly upcoming labor market reports, which are expected to provide crucial signals about the Federal Reserve's future policy direction. Investors are navigating these developments amidst varying market conditions, seeking clarity on the trajectory of economic recovery and its implications for monetary stimulus measures.
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